Rounding top

The rounding top pattern is a bearish reversal pattern which is formed by price movements that resemble an inverted saucer when a trend line is traced over the price highs. A rounding top most commonly forms at the end of a sustained uptrend, and this indicates a reversal of this uptrend. It is considered a rare chart pattern because it takes a very long time to form.

The best time to enter short on a rounding top is when the candlestick price action has broken through an imaginary line drawn to connect both ends of the rounding top.

E-Global Trade & Finance Group, Inc. is authorized and regulated by the FSC under the Securities and Investment Business Act, 2010 License#: SIBA/L/12/1027. Financial Statements of E-Global Trade & Finance Group, Inc. are annually audited by KPMG (BVI) Limited.
Trading on the Forex market involves significant risks, including complete possible loss of funds. Trading is not suitable for all investors and traders. By increasing leverage risk increases (Notice of Risk).
The service is not available for US, UK and Japan residents. www.forex4you.com is owned and operated by E-Global Trade & Finance Group, Inc, BVI.